ECB President Lagarde (Q&A) says beginning to see a broadening of inflation; not seeing second round effects at this point, but ECB is attentive

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ECB President Lagarde (Q&A) avoids question on whether today's hike is the beginning of a rate hike cycle

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ECB President Lagarde (Q&A) says beginning to see a broadening of inflation; not seeing second round effects at this point, but ECB is attentive

ECB President Lagarde (Q&A) says ECB did not compare baseline and other scenarios; baseline was updated due to inflation and growth

ECB President Lagarde (Q&A) says we are not in an environment is which growth is absent or under threat

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  • Adds that ECB includes a level of second round effects; for 2026, 2027 and 2028, wages are seen at +3.2%
  • Net income of workers will be positive, will lead to assume consumption be driver of growth

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